While bitcoin (BTC) is making another attempt at $25,000, many altcoins are once again pulling a bit harder. Multiple crypto rates are hitting prices they haven’t seen in months. The market is therefore again cautiously starting to talk about a so-called “altcoins season” or “alt season”. The total market cap of all cryptocurrencies is up 2.3% to $1.22 trillion.
📈Market Overview#BTC price trades above $24K
The Top 10 are traded in the green zone: $SOL +8.6%, $ETH +4.9%, $ADA +3.7%.
Market cap: $1.25T (+3.83%) $BTC dominance: 37.91% (-0.28%)
Fear & Greed Index: 46 (Fear)Full Report👉https://t.co/iiKTrLityL pic.twitter.com/w6cV76W0ov
— CryptoRank Platform (@CryptoRank_io) August 13, 2022
Ethereum soars to $2,000
Ethereum (ETH) managed to hold on to the $1,900 mark yesterday, although the price briefly dipped to $1,870. Yesterday evening, the ether price started to rise again, leading to a peak of $2,020 this morning. Currently, ETH is falling slightly and the price is at $2,005 with which the price is still 5.6% in the plus today.
The terminal total difficulty has been set to 587500000000000000000000.
This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.https://t.co/3um744WkxZ predicts the merge will happen around Sep 15, though the exact date depends on hashrate. pic.twitter.com/9YnloTWSi1
— vitalik.eth (@VitalikButerin) August 12, 2022
BNB, XRP lag slightly
Binance coin (BNB) is slightly behind today because the price made a significant dip yesterday afternoon. BNB peaked at $331 this morning, but is currently falling to $328, marking a 0.5% plus today. We see such a trend with ripple (XRP). XRP peaked around $0.386 this morning, but is now falling to $0.382 and is also up 0.5%.
SHIB, AVAX, DOT, DOGE in the plus
Shiba inu (SHIB) dipped less deeply yesterday afternoon and is therefore also 1.5% in the plus. SHIB peaked at $0.0000129 this morning, but is now falling to $0.0000127. Avalanche (AVAX) is up 2% today and is currently looking for support around $30. Polkadot (DOT) is also up 2% and is currently seeking support around USD 9.5. Dogecoin (DOGE) is also up 2% and currently stands at $0.0735 after peaking around $0.075.
ADA, MATIC, SOL Rise Fast
Cardano (ADA) made a big jump early this morning, so that the price is up 4.3% today. ADA then peaked around $0.567 and currently stands at $0.56. Polygon (MATIC) started rising hard last night and even conquered $1 early this morning. At the time of writing, MATIC comes in at $1.02 from a 9% plus today. Solana (SOL) rose even faster and is up 9.3% today. Still, SOL seems to be struggling with the $48 right now.
Crypto top 100 hardest fallers and risers
Few of the top 100 stocks are in the red today. Quant (QNT), theta (THETA), chainlink (LINK) and helium (HNT) are about 1% in the min. Bitdao (BIT) is 2% in the min, zcash (ZEC) 3% and tenset (10SET) 4 %.
In contrast, cosmos (ATOM), osmosis (OSMO), curve (CRV) and axie infinity (AXS) are about 4% in the plus. Nexo (NEXO) and ceth (CETH) are already up 5%. For chiliz (CHZ) this is 7% and for okb (OKB). Lido (LIDO) is up by no less than 13% and celisus network (CEL) is even up 51% today. CEL is already up almost 200% from a week ago and 400% from a month ago.
/1 In July, the #crypto markets experienced their first sustained rally since March!
During this period, #Bitcoin saw its price increase 22% month-on-month, closing at $23,310. However, #Ethereum led the charge, increasing by a staggering 62.8%. pic.twitter.com/dGDH2pDaLP
— CryptoCompare (@CryptoCompare) August 12, 2022
Trade with Crypto Insiders on Discord
Are you looking for help with crypto trading? Then we would like to refer you to our Discord group for members. Here, experienced analysts and traders discuss their analysis and trading plans on a daily basis. We are also the first to share our technical and fundamental analyses. In our Discord community we can share knowledge with each other 24/7 and we try to stay ahead of the market together with our premium members.
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.
